Lock-up shares worth 97.3 bln yuan eligible for trade

Source: Xinhua| 2017-04-08 13:17:17|Editor: Mengjie

Video PlayerClose

BEIJING, April 8 (Xinhua) -- Lock-up shares worth about 97.3 billion yuan (about 14.1 billion U.S. dollars) will become eligible for trade on the Shanghai and Shenzhen stock exchanges in the coming week.

This is a sharp increase from shares worth 46.2 billion yuan that were unlocked this week, according to Wind, an information service provider.

About 17.6 billion shares will become tradable from April 8 to 16, with Boe Technology Group, a display screen producer, set to unlock 36.3 billion yuan of non-tradable shares, the largest volume to be released next week.

Under China's market rules, major shareholders must wait one to two years before they are permitted to sell their shares.